Apple Shares Set New Year High After Strong Earnings

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Apple Inc.’s (AAPL) shares set a new 52-week high on Tuesday after the consumer-electronics giant reported a 47% jump in quarterly profits, led by better-than-expected sales of iPhones, Macintosh computers and iPods. Despite economic headwinds and a “universal expectation of a sizable beat,” Kaufman Brothers analyst Shaw Wu said Apple surprised on the upside because of higher gross margins and the company’s ability to sell its products at higher average prices than in the previous sequential

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Apple reports most profitable quarter on record in spite of 8 percent less iPod sale

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Fiscal 2009 fourth quarter was the most profitable for Apple thanks to record Macintosh computer and iPhone sales. In the quarter ended on Sept. 26, Apple posted net profit of 1.67 billion U.S. dollars and revenue of 9.87 billion dollars, which represented increase of 47 percent and 25 percent respectively, compared with the same quarter a year earlier. Apple sold 3.05 million Macintosh computers in the quarter, up 17 percent from the year-ago period. Sales of iPhones also rose…

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Apple Inc. Posts Astounding Quarterly Results

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The quarterly financial results for Apple Inc have shocked just about every analyst on the Wall Street, as the company’s shares went through the roof, posting a figure that far surpassed the estimates given by Wall Street. The credit for Apple’s incredible financial streak goes to the record sales of iPhones and Macintosh computers. The Mac computer sales witnessed a steady rise in numbers, as the final figure rose by more than 17%, making the machines the biggest contributors to Apple’s reven

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Apple Soars to Record After Mac and IPhones Sales Top Estimates

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Oct. 20 (Bloomberg) — Apple Inc. rose to a record inextended trading yesterday after fourth-quarter profit andrevenue topped estimates, fueled by back-to-school orders forthe iPhone , iPod and Macintosh computer. Apple climbed as much as $14.99, or 7.9 percent, to $204.85in late trading, exceeding the intraday record of $202.96 set in2007. The shares, which have more than doubled this year, closedat $189.86 yesterday on the Nasdaq Stock Market. Oct. 19 (Bloomberg) — Apple Inc.’s sal

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Apple net profit soars on record iPhone-Macintosh sales (AFP)

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AFP - Apple on Monday reported quarterly net profit of 1.67 billion dollars on record sales of iPhones and Macintosh computers.No tag for this post.

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